Markets rattled by single stock news

Both the US and Asian stock markets were upended by micro news overnight. In the US, it was Target that rattled investors by announcing that sales were down as shoppers grappled with higher inflation heading into a peak shopping season. US retail sales data however painted a different picture coming in 0.3% higher than expected in October. In Asia, an announcement from Tencent that it will divest USD 20 billion in Meituan shares caused markets to sell off. Norbert Rücker, Head of Macro & Next Generation Research, updates us on his expectations for the energy markets, whilst Nicolas Jordan updates us on the CIO view. 00:09 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing) 02:52 Energy markets by Norbert Rücker (Macro & Next Generation Research) 05:55 IC update by Nicolas Jordan (CIO Strategy & Investment Analysis) 09:07 Closing remarks by Bernadette Anderko (Investment Writing)